A2: Borders Group

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The Detroit News reports on efforts by Ann Arbor-based Borders Group to seek more time for pulling out of Chapter 11 bankruptcy. The article quotes John Pottow, a University of Michigan professor specializing in bankruptcy law, who calls the relationship between Borders and its creditors “unusually antagonistic.” Creditors have objected to extending the time that Borders has to file a turnaround plan. “It sounds to me like they’re jockeying for control,” Pottow said. [Source]